Mark who lives in a country where interest rates are very high, goes to an ATM every day to get $10 of spending money. Jim , who lives in a country with relatively low interest rates, goes to the ATM once a month to get $300 of spending money. Why does Mark use the ATM more frequently? (Assume they both have interest bearing checking accounts.
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Home » Business » Mark who lives in a country where interest rates are very high, goes to an ATM every day to get $10 of spending money. Jim , who lives in a country with relatively low interest rates, goes to the ATM once a month to get $300 of spending money.